""Canada has one of the best retirement income systems in the world. But all Canadians do not benefit equally from the system. Masked by the good-news data is a substantial and persistent gender pension gap.""
""Overall, older women had lower income, higher low-income and poverty rates, and relied more on government transfers than older men.""
Retirement income in Canada has improved significantly over the past fifty years, with a notable decrease in low-income rates among older women. However, as of 2022, older women still had lower incomes and higher poverty rates compared to men. The median income for older women was $28,600, while men earned $38,700. Elizabeth Shilton's report emphasizes that despite a strong retirement income system, a substantial gender pension gap remains, unchanged since 1976, highlighting ongoing inequities in financial security for women.
Read at The Walrus
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